Cusac Gold Mines Ltd.: Drilling Progresses At Clearwater Platinum Project.Business Editors, Energy Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--April 23, 2001 Guilford H. Brett, Director, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CQC CQC China Quality Certification Center CQC Caiga Quien Caiga (Argentinean TV show) CQC Close Quarters Combat (gaming league) CQC Close Quarters Combat (hand to hand) .) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CUSIF) -- is pleased to report that the Company's previously announced program of 5,000 feet of diamond drilling on its Clearwater Platinum Project, Kamloops Mining District, BC began on March 25, 2001 (see also Cusac News Release, December 6, 2000). To date, six of the ten proposed holes into the Southeast Mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. Area have been completed by Core Enterprises Inc., comprising approximately 3,000 feet of NQ-size core drilling under the direction of Dr. Bruce Perry, P. Geo., FGAC FGAC Fine-Grained Access Control (PRO-GEO Exploration, Kamloops, BC). All of the core obtained from these initial drill holes is presently being logged, examined in detail and sawn in half at the Company's facility in Kamloops. The splits are being composited into samples representing 5 m intervals and will be analyzed for Platinum, Gold, Nickel, Cobalt and other metals and geochemical pathfinder elements normally associated with various styles of PGE, Gold and base metal mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . The current, initial drilling program tests targets within the Southeast Mineralized Area of the extensive ultramafic magmatic stratigraphy wholly contained within the Company's mineral claim holdings. Each specific drilling target was indicated by combinations of favorable data resultant from the Company's recent work and that of previous operators, including:
-- geological mapping;
-- surface occurrences of Platinum, Gold, Nickel, Cobalt and
Chromium;
-- induced polarization chargeability and resistivity, magnetics and
vlf-EM geophysical surveys (Delta Geophysics, Delta, BC); and
-- soil geochemistry surveys.
An ultramafic bedrock outcrop sample (No. 5021) collected within one of the high chargeability zones being drilled currently was examined by Dr. J. F. Harris (Vancouver Petrographics), who reported that cream colored sulphides are present randomly throughout the rock, apparently mainly as pentlandite pentlandite (pĕnt`ləndīt), yellowish-bronze, opaque mineral, a sulfide of iron and nickel, (Fe,Ni)9S8. It is found in masses nearly always associated with the iron sulfide pyrrhotite. , an ore mineral of Nickel. Pentlandite is a complex sulphide of Iron and Nickel (Fe, Ni)9S8 and is a primary constituent of the ore-grade portions of the J-M reef (Stillwater Mine, Montana) where it is intimately associated with Platinum Group Elements mined there. On behalf of the Board of Directors: "GUILFORD H. BRETT" -------------------- Cusac Gold Mines Ltd. |
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